Set it & Forget it GBP and CHF signals...

Hello everyone,

I have been using my own system to create signals for the GBP/USD and for the USD/CHF crosses. These signals get generated around 5 pm eastern time. They are set and forget types, let run for a day. I have found it useful to be able to 'get away' from the computer at times. Hopefully some others may benefit from it too.

There may be a long and/or short trade reccomendation for the GBP/USD and for the CHF/USD.

The orders use stop entries, and become active at 6 pm eastern, and any open or unexecuted oorders should be cancelled/closed at 6 pm eastern the next day when the reccomendations come out. Fridays, close everything out at 430pm eastern. Trade entry resumes 6pm Sunday with the new signals.

The GBP/USD cross trades about 12 times/month. It has a profit target of 40 pips, and a stop loss of 30 pips.

The USD/CHF cross trades about 7 times/month, it has a profit traget of 50 pips, and a stop loss of 25 pips.

I'll be trying to get these posted everyday in a timely manner for people to watch and, please, comment on. Most times the entry prices aren't hit until later in the evening as the Japanese & European markets get moving.

Happy to get feedback, suggestions, ideas, etc - always appreciate help!

For today 6pm eastern 5/31/2005 to 6pm eastern 6/01/2005:
No CHF/USD signals today

GBP/USD : 1 signal today
- go long (buy stop) at 1.8233. Stop Loss 1.8203. Take Profit 1.8273.

I'll try to get everything posted in a timely manner and keep the results up to date for you all.

Thanks.

You trade the mhv-system, don´t you..?

June 1 2005:

Month to date totals = No active trades yet for CHF of GBP for June, 2005.


I'll be trying to get these posted everyday in a timely manner for people to watch and, please, comment on. Most times the entry prices aren't hit until later in the evening as the Japanese & European markets get moving.



For today 6pm eastern 6/01/2005 to 6pm eastern 6/02/2005:
No CHF/USD signals today

GBP/USD : 1 signal today
- go long (buy stop) at 1.8217. Stop Loss 1.8187. Take Profit 1.8257.

I'll try to get everything posted in a timely manner and keep the results up to date for you all.

Thanks.

Sorry, not an MHV trader ...

June 2 2005:

Month to date totals = No active trades yet for CHF of GBP for June, 2005.

For today 6pm eastern 6/02/2005 to 6pm eastern 6/03/2005:
No CHF/USD signals today

GBP/USD : 2 signals today
- go long (buy stop) at 1.8212. Stop Loss 1.8182. Take Profit 1.8252.
- go short (sell stop) at 1.8109. Stop Loss 1.8139. Take Profit 1.8069.

June 5 2005:

Month to date totals = GBP
6/3 Long 1.8218 stopped out - 30 pips
6/3 Short 1.8109 stopped out -30 pips

NO CHF trades for June yet

For today 6pm eastern 6/05/2005 to 6pm eastern 6/06/2005:
No CHF/USD signals today

GBP/USD : 2 signals today
- go long (buy stop) at 1.8265. Stop Loss 1.8235. Take Profit 1.8305.
- go short (sell stop) at 1.8052. Stop Loss 1.8082. Take Profit 1.8012.

June 8

Total pips so far this month: +5

CHF M-T-D results
6-6 to 6-7 Short @ 1.2432 hit stop loss -25 pips
6-7 to 6-8 Long @ 1.2491 hit profit +50 pips

GBP M-T-D results
6-2 to 6-3 Short @ 1.8109 hit stop loss -30 pips
6-2 to 6-3 Long @ 1.8212 hit stop loss -30 pips
6-6 to 6-7 Long @ 1.8270 hit profit +40 pips

June 8 6:00 pm eastern to June 9 6:00 pm eastern
No CHF signals
GBP sell short (entry stop) at 1.8047 stop-loss 1.8077, take profit 1.8007